Beware! 3 Hydrogen Stocks Waving Massive Red Flags Right Now.
Thursday, 21 September 2023, 17:08:01
Hydrogen stocks have been hyped as the future of clean energy over the years, but they have faced some serious challenges in 2023. This has led to the emergence of hydrogen stocks to sell. One of the main reasons is the relatively low oil and natural gas prices, which have reduced the demand and profitability of hydrogen fuel cells. “Green” hydrogen energy, which is derived from the electrolysis of water, is still more expensive and less efficient than fossil fuels, and it requires a lot of infrastructure and investment to scale up. As a result, many hydrogen stocks have seen their share prices plummet this year , and some are still waving massive red flags. Here are three hydrogen stocks to sell investors should steer clear of in 2023. FuelCell Energy (FCEL) Source: petrmalinak / Shutterstock FuelCell Energy (NASDAQ: FCEL ) is a hydrogen fuel cell company that focuses on developing stationary power generation for commercial and industrial customers. Despite revenue expanding 134% YoY, the fuel cell company also reported a net loss of $35 million in the second quarter of 2023 , slightly higher than the loss in the same period last year.
Caution! 7 Penny Stocks That Have Much Further to Fall
Monday, 18 September 2023, 12:40:54
There are many great opportunities in “penny stock territory,” but there are far more stocks trading for $5 per share or less that are best classified as penny stocks to sell. Most of the names that belong in the penny stock “sell” pile are speculative growth stories. Former high-fliers valued on future potential rather than current results, that have experienced a freefall into the market junkyard as investors dial back expectations. These stocks can sometimes experience short-term boosts during waves of speculative frenzy, but over a longer time frame typically produce heavy losses. Alongside this, there are some stocks better described as “value traps.” These stocks may appear on paper to be undervalued, or at the very least reasonably priced relative to upside potential from a successful turnaround. The problem with these names is that, with poor fundamentals, the cheap names “stay cheap,” and the turnarounds usually never turn themselves around. With this in mind, I recommend bottom-fishers take heed about these seven penny stocks to sell.
FuelCell Energy, Inc. 2023 Q3 – Results – Earnings Call Presentation
Tuesday, 12 September 2023, 06:59:51
The following slide deck was published by FuelCell Energy, Inc.
— Seeking Alpha
Tuesday, 12 September 2023, 02:53:35
FuelCell”s revenues came in roughly in line with consensus expectations. Margins, profitability and cash flows continued to suffer. See an earnings review of FCEL.
— Seeking Alpha
3 Penny Stocks to Sell in September Before They Crash & Burn
Monday, 11 September 2023, 23:39:44
Some penny stocks go on to deliver huge returns for their owners. Most, however, do not. After all, companies usually end up in penny stock territory because something dramatic has gone wrong with their business model. At times, these issues can be resolved. In others, however, little chance of a revival exists due to a poor business model, weak management, and/or a troubled balance sheet. In the case of these three penny stocks in particular, their prospects seem almost hopeless given the large operating losses and questionable business prospects. Canopy Growth (CGC) Source: Ralf Liebhold / Shutterstock Cannabis company Canopy Growth (NYSE: CGC ) has seen its share price double since the start of September. This has come about, in large part, due to a renewed round of speculation around a reclassification of marijuana . Specifically, by lowering the restrictions around marijuana, it would allow U.S. marijuana companies to operate legally from a federal perspective, giving benefits such as access to the banking industry.
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